EC Won't Block Carphone Warehouse Bid For AOL Operation
The European Commission announced on Friday that it has cleared, under the
EU Merger Regulation, the proposed acquisition of the UK internet access business
of AOL by the Carphone Warehouse Group (CPW). Under the proposed transaction, CPW would acquire the UK internet business
of AOL, as a result of the reorganisation of AOL's overall internet access business
in the UK. The Commission concluded that the transaction would not significantly impede
effective competition in the European Economic Area (EEA) or any substantial
part of it. CPW is an independent retailer of mobile communications, with over 1,500 stores
in Europe. As well as retailing mobile handsets and mobile connections, CPW
is active in the supply of fixed-line telecommunication services to both business
and residential customers. It also offers narrowband and broadband internet
access services to residential customers in the UK as well as in certain other
EU and European countries. AOL provides online interactive services through a number of brands (for example
AOL, MapQuest, AIM, Moviefone, ICQ, and Netscape) as well as internet access
services in the US and Europe. It is a wholly owned subsidiary of Time Warner
Inc., a worldwide media and entertainment company. In the UK, AOL provides internet
access, both narrowband and broadband, and other internet-related services. .
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